11
Dec
10:26
Iron ore holds as Roy Hill ships
Seaborne iron ore prices recovered a modicum of lost ground on Friday after prices found their new level under $40/tonne. Newcomer Roy Hill meanwhile shipped its first cargo, marking perhaps the last major new mining capacity in the foreseeable future.
The Kallanish index for 62% Fe Australian fines rose for the first time in a week by $0.30 to $37.81/dry metric ton cfr Qingdao. A combined shipment traded on globalORE against indices. 110,000 tonnes of Newman fi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous